27-107-201 - Authorization to transfer certain funds to loan to county, municipalities, and school districts to match federal funds for restoration purposes.
§ 27-107-201. Authorization to transfer certain funds to loan to county, municipalities, and school districts to match federal funds for restoration purposes.
The State Fiscal Management Board is authorized to transfer any unobligated funds in the Mississippi Emergency Management Agency Fund No. 3723 to the Local Disaster Emergency Grant and Loan Fund No. 3793 in order to loan funds to Jones County, Mississippi, and/or to municipalities and school districts therein to match federal funds to be used in making repairs, renovations, restoration, construction, reconstruction and related improvements and restoring or purchasing machinery, equipment and supplies to public office buildings, schools, courthouses, hospitals, water supplies, sewer and utility systems, streets, roads, bridges, airports and other governmental facilities, all of such being publicly owned and governed by the governing authorities having statutory power thereover, which real, personal or mixed properties were either damaged, destroyed or lost as a direct result of the Jones County tornado disaster of February 28, 1987.
Sources: Laws, 1988, ch. 497, § 1, eff from and after passage (approved May 6, 1988).